Region: Ecuador

Deadline passes for JLT disgorgement funds to be credited to UK action

The DOJ said in March 2022 that it would credit JLT up to 100% of its $29 million US disgorgement, payable in connection with an Ecuadorean corruption case, if the company resolved similar facts with the SFO within a year.

24 March 2023

Ecuadorian judge approves charges in hydroelectric dam bribery scheme

An Ecuadorian judge has accepted the charges brought by prosecutors against 37 people, including a former president, over an alleged bribery scheme where Chinese state-owned company paid $76 million in bribes to public officials for nearly a decade.

06 March 2023

Ecuador to file charges over alleged hydroelectric dam bribery scheme

Ecuador’s top prosecutor has accused a Chinese engineering company of paying “tens of millions of dollars in bribes” to Ecuadorean public officials including a former president.

23 February 2023

FCPA Docket: ABB settles SEC charges

The SEC levied a $75 million civil penalty on ABB, a Korean data company has been debarred from the World Bank, and Mexican bribery charges have been added to the DOJ’s case against Javier Aguilar.

05 December 2022

Insurance broker Arthur J Gallagher subpoenaed by FCPA Unit

Arthur J Gallagher is the latest in a string of companies pulled into the DOJ’s anti-bribery probe in Ecuador.

07 November 2022

Andorra freezes $51 million in alleged Odebrecht bribes

07 October 2022

Ecuador raids Chinese company in presidential bribery probe

Ecuadorian police have searched the offices of Chinese engineering company Sinohydro as part of a bribery investigation targetting former president Lenín Moreno.

08 September 2022

Three men indicted for bribery, money laundering linked to Ecuadorian insurance companies

The charges are the latest in a DOJ investigation into Ecuadorian state-owned insurance companies, Seguros Sucre and Seguros Rocafuerte.

20 July 2022

FCA fines recidivist insurer over anti-bribery breaches

The UK’s financial regulator has issued a second compliance breach penalty to a London subsidiary of an insurance company at the centre of an apparent SFO bribery investigation.

22 June 2022

Ecuador fines Odebrecht $57 million for corrupt agreement with state power company

22 June 2022

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